From keeping tabs on rent and lease payments to handling nuisance tenants, a good property management company can take the hard work out of this lucrative business that you have, making it much more easy to handle and enjoy. There is a simple ABC rule set to keep in mind that will help you find the most beneficial and efficient property management company to handle your rental property.
Always consider your options before settling on one company.
There are many different property management companies and options for having your rental property managed for you. Even though going with a large-scale property management firm is usually the most logical choice, it is always best of you consider all of the available options before you settle with just one. You may feel your property would be better managed by an individual instead of a firm or you may prefer a multi-level company that takes care of everything from advertising to evictions. Knowing what options you have at every level will help you find the most efficient professional or service.
Be careful to choose a property management company with the proper experience.
If you own a large rental operation, such as a collection of apartment buildings or real estate rentals in several cities, not any property manager will have the extensive experience you need to handle your needs as a landlord. It is a much better idea to make sure that the company or manager you hire has previous or current experience with the type or scale of rental property you own.
Create your own list of must-have services.
Before you step foot in the office of a property manager or property management company, you should have a list of must-have services that you are looking to fill with professional help. A few things to consider include:
- Will you need someone to handle maintenance calls on your behalf?
- Do you think it would be best to have a property manager who can handle all aspects of the billing process?
- Do you want a 24 hour answering service available for your tenants?
Your goal with a must-have list is to create a comprehensive collection of the services that you have to have from a property management company. In the end, this list will help you ensure that every need is met, or at the least discussed, by the property management company, such as ABC Property Managers Inc.